The Business Idea Competition
The cash prizes for the Business Idea Competition will be awarded at a special ceremony to be held on May, 2008. The check will be made payable to the team leader or the name of the company. The prize will be paid immediately, no restrictions on disbursement will be required.
The Business Plan Competition
The cash awards and in-kind prizes for the Business Plan Competition will be disbursed during the first six (6) months after the award ceremony. The organizers at their full discretion will establish the number and amount of each disbursement. The disbursement of the cash awards will be subject to the submission by each winner of a detailed implementation plan, the use of the funds to be disbursed by the organizers and a report detailing the milestone reached within the implementation plan during the first six (6) months after the award ceremony. In case that the winner does not comply with the requisites outlined, a part or the total amount of the cash awards may not be disbursed, at the discretion of the organizers of EnterPRize.
